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Len-

We would have bought at 4.x usd right? So CR

would have been even higher by now

#cryptocurrency #english #frax
0

1 ответов

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Sam-Kazemian ¤⛓️¤

First of all, we haven’t stopped buybacks entirely. The Ouroboros proposal is the most recent proposal and is active. If FXS goes below $5 we would buy back indeed. But secondly, unrelated to the above, buying FXS does not increase the CR. By definition, the CR is exogenous collateral that backs FRAX. Buying FXS at any price, even 5 cents does not increase the CR.

0
13.11.2023

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